Diamond Trading Reflects Market Split

RAPAPORT PRESS RELEASE, May 3, 2022, Las Vegas... The diamond market slowed in April due to geopolitical tensions and the seasonal effects of the Passover and Easter holidays. Steady US retail demand supported the trade, but dealer activity was sluggish amid price uncertainty, Chinese lockdowns and Russian sanctions. The RapNet Diamond Index (RAPI?,,?) for 1-carat diamonds fell 3.2% during the month, reversing the uptrend of the first quarter. The 1-carat index has increased 9.8% since the beginning of the year. RapNet Diamond Index (RAPI?,,?)

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